SDI - SDI Limited - Strawman: ASX share price, valuation, research and discussion

Top member reports

Company Report

Last edited 8 years ago

ranked

#361

Performance

n/a

Followed by

Straws

Sort by:

Recent

Content is delayed by one month. Upgrade your membership to unlock all content. Click for membership options.

Become a member

#Bear Case

stale

Last edited 8 years ago

Rapid decline in amalgam sales offsetting any growth in composites/glass inomers/whitening/dental equipment
Competition is leading to reduced pricing/decreasing margins in non-amalgams
Poor capital management- long term high working capital, lazy balance sheet with cash in bank yet maintain debt
Nepotism: Company 'run like a private company' for the founding Cheetham family. Daughter handed CEO role by father without consideration for other internal/external candidates.
Question capability of new CEO in her role and current CFO
Large remuneration for Executive/Chair, and long history of related party payments (e.g. 'consultancy payments to Chair over many years). Poor long term returns for non-family shareholders
Underperforming regions- UK, South America, US an ongoing problem. Over-promised, under delivered.
Current factory needs improvement

SDI Limited